Free CompTIA PK0-003 Exam Dumps Questions & Answers

Which of the following statements is considered a project management best practice?

• A.  Project initiation occurs before project planning begins
• B.  Completion of the charter is the first deliverable of project planning
• C.  Each of the five process groups within the project management life cycle should be completed consecutively
• D.  When execution begins, monitoring and controlling begins

Which of the following tasks are performed within the initiation phase?

• A.  Create a risk register
• B.  Create a WBS
• C.  Create a budget
• D.  Create a charter document

As a result of changes in the economy, it has been communicated that the current costs for needed components have doubled from what was originally budgeted. If the procurement occurs, this would result in exceeding the cost baseline for the project. Which of the following actions should the project manager take?

• A.  Create a change request to see if the baselines can be revised to incorporate the appropriate costs
• B.  Use contingency funds to cover the procurement of the components
• C.  Contact the customer to let them know that the costs will be higher, and await approval from the customer before proceeding
• D.  Evaluate alternatives that could be used that would result in the same scope to be produced

While working on a project, an unforeseen event arises that impacts a project objective. Which of the following should be updated as a result?

• A.  Change log
• B.  Stakeholder register
• C.  Issue log
• D.  Risk register

The project has spent $5,000 to date. The earned value of the project is $7,500. Which of the following is the project's CPI?

• A.  1.5
• B.  -$2,500
• C.  0.67
• D.  $12,500